Mineral Feed Market Trends

Statistics for the 2023 & 2024 Mineral Feed market trends, created by Mordor Intelligence™ Industry Reports. Mineral Feed trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Mineral Feed Industry

Increase in Industrialized Livestock Production

The livestock sector has seen significant changes in the last decade. The surge in this demand has been fulfilled by commercial livestock production and their associated food chains. In many developing countries, like China, Japan, and India, livestock keeping has been a multifunctional activity. The Food and Agriculture Organization (FAO) has focused on sustainable development of ruminant, swine, and poultry. FAO has also taken the responsibility of animal health and welfare issues, by providing sustainable nutrition and feeding.

According to the World Bank, industrialized meat production is growing six times faster than traditional meat production methods. With an increase in the mass production of meat, change is observed toward landless meat production facilities. The meat production industry is moving toward consolidation, especially in developed parts of the world, such as the United States and Europe, to increase meat production with reduced land usage. The use of feed additives, such as mineral feed, increases water retention in livestock, thus enhancing meat quality and mass.

Trends in Industrial Livestock Production, Share in , Top Four Countries, Global, 2014-2017

Asia-Pacific Dominates the Global Market

The Asia-Pacific region is poised to grow at a faster and impressive rate in the coming years, in both production and consumption of animal-based products. With the industrialization of the sector, the usage of mineral feed is bound to increase. The developing countries of Asia are expected to present major growth opportunities for the mineral feed additive industry. Industrialization of the livestock, feed, and processed meat industry has necessitated the application of feed minerals that act as a supplement, nutrient enhancer, feed conditioner, etc., to provide the animal with all required essential elements for optimum growth. With the growth of the market size, the use of feed mineral supplements is becoming a necessity for retaining animal health and growth.

Mineral Feed Market Growth Rate by Region (2018)

Mineral Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)